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Understanding Your Credit Score
Posted on : 2008-11-28
I heard an informative story on National Public Radio earlier this week about credit scores - and about how you can keep yours in tact in hard economic times.
I found out that some of my own past behavior may have hurt my FICO score a little. What's a FICO score? Good questions. And one of the things I liked best about the NPR story was that it gave me a history of FICO (an acronym for the Fa...
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I'm Very Tempted to Buy Small Banks
Posted on : 2008-11-26
I know we're headed into the 2nd Great Depression and all, but darn it if I'm not tempted to buy in to some of the public regional banks that haven't yet been swallowed up. Here's my theory...
Sovereign Bank - SOV - Trading at $4.14 as I write this. Was $10.23 on September 19th.
National City - NCC - Trading at $1.86. Was $5.61 on September 19th.
Fifth Third Bank - FITB - Tradin...
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How the Credit Crisis is (Sort Of) Like 9/11
Posted on : 2008-11-26
Photo courtesy of iStockphoto, Image# 7292192
Like everyone, I remember where I was on September 11, 2001. I was working out of my house in a suburb of Chicago, and it just so happens my kitchen was being remodeled. I watched the events of 9/11 with the guys who were tearing apart my kitchen. Normally I wouldn't specifically remember those guys, but now I do.
Anyway... although the events o...
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Less Stimulating Than Hoped?
Posted on : 2008-11-26
Photo courtesy of iStockphoto, Image# 4489297
Kara McGuire had a brief blog post the other day about the economic stimulus payments the guvmint handed out earlier this year, and though her post is mainly about how to get yours if you haven't already, I was more interested in her opening paragraph:
Remember the economic stimulus check you received earlier this year? Barely! It feels like a long...
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If You Had to Choose, Would You Pay Your Mortgage First or Your Credit Card Bill?
Posted on : 2008-11-26
Photo courtesy of iStockphoto, christine balderas
Several studies & anecdotes have come out over the past year (including this one reported on by the New York Times) that suggest people are more likely to skip paying their mortgages than keeping up with their credit card payments or car payments. That is, if they don't have enough money to make all the payments, the mortgage payment is the fir...
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